Doha Cables, the Qatar based manufacturer of high voltage cables, has announced plans to expand the manufacture of its 400kV and 500kV cable ranges, the vice president of the ELSEWEDY Cables subsidiary said.
In an interview with MEP Middle East, Ahmed Fathy El Sewedy said that plans are underfoot to expand production in light of the growing market domestically, as the build up to the 2022 FIFA World Cup in Qatar gathers steam.
“We are currently working on expanding the manufacturing of our extra high voltage cables to produce 400kV and 500kV cables. We are also expanding in the field of super conductors,” El Sewedy said.
“Qatar’s goal is to expand the local tourism industry in order to accommodate both the 2020 Olympics and the 2022 FIFA World Cup.
"There has been an increase in the number of projects in the field of infrastructure, as well as a growing demand in the building sector,” he added.
However, he warned that the political instability in the Middle East had caused most businesses in the region to be negatively affected, which presented major challenges to manufacturers and service provides.
“Globally there has been a general decline in demand as well as an oversupply of cables in the market. (As a result), we’re working to not only be a cables provider, but also to be a solutions provider.
"This will allow us to be competitive in both service and supply,” El Sewedy explained.
Due to the above circumstances, he said that the company planned to expand its operations to some of the fastest growth economies in the world.
“Our current largest area of operation is the GCC, followed by North Africa and Egypt. We expect to expand into Russia and India. These countries are growing economies, which we are excited to be part of,” he added.